Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please include steps with your resolution to this question: 1. Use the monthly sales data over the past 4 years on outdoor swimming pools given

Please include steps with your resolution to this question:

image text in transcribed
1. Use the monthly sales data over the past 4 years on outdoor swimming pools given below DATA 1999 2000 2001 Jan 2002 12 8 Feb 6 14 8 12 12 Mar 20 24 2 44 Apr 18 90 120 78 May 74 72 110 84 Jun 78 46 66 62 Jul 76 24 28 48 Aug 40 14 16 48 Sep 14 8 26 24 Oct 50 6 14 20 Nov 20 6 14 12 Dec 16 16 12 18 8 a. What are the seasonal indices for each month? b. What's the "best" forecasting method on the deseasonalized data? Provide a summary table of the different forecast methods you looked at (try at least 3 methods, in addition to any naive ones you may include), along with whatever error measure you calculated for the methods (i.e., MAD, MAPE, or MSE) c. What's your forecast for January 2003

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Finance Markets, Investments, And Financial Management

Authors: Ronald W. Melicher, Edgar A. Norton

17th Edition

1119561175, 978-1119561170

More Books

Students also viewed these Finance questions